REGISTERED COMPANY MJMBEIL. 02141420 (England and Wales) REGISTERED CIIARITY1¥4UMBER: 1111482 FINANCIAL STATEMEY4TS FOR THE PEiUOD I JANUARY 2024 TO 31 MARCH 2025 FOR HEELEY CITY FARM IJMITED Xeinadin Sidings House Sidings Court Lakeside DOnsteT South Yorkshire DN4 5NU
HEELEY CITY FARM LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 Page Reference And AdmlDistrative Detils Report of the Trnstees 2 10 10 Report ofthe Independent Audltors 11 to 14 Statement of Financil A¢tlvltles 15 Balanee Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow St4tement 18 Notes to the Flnan¢l#l Statennts 19 to 28
HEELEY CITY FARM LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 TRUSTEES A V Hicks Trustee B T George Tnte¢ (resigned 10.3.25) C A Spray Tntee D J C Clarson Tte¢ (Tesigned 6.3.25) F Rockett-Hill Trustee (appointed 22.4.24) H C Reed Ttee (appointed 22.4.24) H J Marmion Trustee {resigned 6.3.25) J E F Frost Trustee (appointed 22.4.24) K A Jennings Tru5tse (resigned 31.3.24) R Mffljer TSlee (resigned 6.3.25) T A Luff Tnjstee (appoillted 22.4.24) T J Woollis¢roft Trustee K S Hogben (appointed 19.11.25) S E Jordan {appointed 19.11.25} E A Baldwin (appointed 19.11.25) K E StepaDiaD (appointed l9.11.25) REGISTERED OFFICE 46 Richards Road Sheffield S2 3DT REGISTERED COMPANY IYUMBER 02141420 (England and Wales) REGISTERED CHARITY NUMBER 1111482 AUDITORS Xeinadin Sidings House Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU Page I
HEELEY CITY FARM LIMITED (REGISTERED IWMBER: 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 The trustres who are also directors of the clwity for the purposes of the Compatiies Acl 20061 present their Teport with the financial statements of the charity for the pcriod l January 2024 to 31 March 2025. The trustees have adopted the provisions of A¢Gounting and Reporting by Charitie5: Statement of Recommended Practice applicable to chaTities preparing their accounts in COrdance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Foreiyard from the Chalr Heeley City Farn] 2024: Stability and strategic expansion 2024 has seen the Farni move into a phase of positive change following a couple of years of fluctualion. The Trustees began the year by accepting a proposal by the three Senior Leadership TeanL to appoint thcm as co-CEOs. on tbe back of their interim management during the previous l O months. The Board overwhelmingly voted to Pllot this model which concludes in Fcbruary 2026 where a decision will bc made by the Board whether to adopt this model fornially. With ihe dedication, experience and understanding of the Farni'5 ethos, strdtegy and goals, this pilot was warndy receivcd by slaff, funders and the community, providing stability and g¢nerating support from thos¢ upon which w¢ n)ost r¢ly. As Trustees, receiving reports from our CO-CEOS on the increase in funding award5 and increase in our service provision to Some of society's most vu]ncrdblc Childr young people and adults is undoubtedly the most plcasant part of our roles. Being in a position to deliver much needed school holiday provision, including meals for cbildren being a particularly rewarding higblight of 2024. The funding received through the services we provide and th¢ awards mad¢ for impTovements means that every area of tbe farni benefitted. Our dementia provision received a facelift and continues to provide placements for medical sthdents whilst offering a safe and stimulating space for those living with dementia and their familiesnoved ones. Our partip building with national and local organisations around this work continues lo grow and dcv¢lop. Works to including accessible spaces for wheelchair users took shap¢, with an area created raised, portable planting beds meaning more people can pani¢ipate ill wwing. Our education PTOV15ion for children and young people from Primary to Secondary is increasingly in demand, along with our adult provision and our employability areas, which saw the introduction of construction skills this yeaT. tn fact, there are so many positive stories from 2024, for th1¢h I will allow the report to speak for itself. Heeley City FaTm delivers meaningful 50cial impact tlwough a hugely diverse range of services and offers. As with most other CPritieS, we work very hard lo seek out funding, in a landscapc wbich is incTea8ingly ¢hallenging. 100.000 people beu¢fitt¢d from the small but mighty H¢eley City Farni in 2024, eithcr a5 a placc to learn. connect and b0w or as part of their leisuTe days out, as a free visitor centre. As Tntee4 we work to support the FaTm's staff, its service users and visitors to ensure its future for many years to come. Queries relating to matters going back several years were pick¢d up ITh our recent audit. TnteeS took action lo apply full diligcncc to thc qucrics raiscd in rcqucsting a fi]11 VAT audit, Tequlting in late reporting to the Charities Commission. We thaTJk our funders and supporters for their undeTStanding in our endeavour to address these bistorical quleS and thank accountants for their diligent work. Annie Tbirlwell-Hicks - Chair of the Board of Trustees OBJECTIVES AND ACTIvrrIES Objectlves and alms Undcr the Memordndum and Articles of A550ciation, Heeley City Farni's objectives are to: l. Promote tbe benefit of the inbabitants of Heeley and the sum)uDding neighbouthoods. 2. Advance edUCationSpeciallY among young peopltr-in agryiculture, horticulture, home crdfts, nral life, and citizenship, fost]ng self-disGipline and peTsonal developrnent. 3. Provide education and traiTJing opportunities for people facing disadvantage through age, disability, poverty, OT social and economic barrlers, preparing them for employment and community participation. Page 2
HEELEY CITY FARM LIMrrED OiEGISTERED I¥UMBER: 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 21125 OBJEcfIvES AND ACTivrrIES Site Operations gnd Developments 2024 was an exceptionally productive year for our stte with more than 200 volunteers contnlyuting to improvements that enhanced accessiTr>ility, sustainability, and the visitor experience. Kcy achievements included: - Installation of energy-cfficient boilers and LED lightin& reducing caTbon footprint and nlnning costs. - Completion of the Veolia Project, creating a landscaped anwhitheatre with accessible paths and aquaponics system. - Launch of Valerie Garden Improvements, a dementia-friendly picnic are& supported by Awdrds for All and the Local Area Committe¢. - Refurbishment of a shipping container into a flexible indoor space foT community groups. - Construetion of new pou]ty housing. in)proving animal welfare and aesthetics. PaTtner8hips with Sheffield City CouD¢iI, local TARAS, comnJunity groups and Schools ensured developments met cornm]ty needs. A strdtcgic whole-sitc approach connected spaces, improved visitor flow, and strengthened the fann'5 role as a ¢oJnmunity destinatio Priorities for Site Operations 2025 in¢lude: - Expand ¢nterprise across the site - Grow Site leam and training oppothnities - Continue to develop site in line with trustee agreed plan - Continue to work with local con)munity partners lo improv¢ HCF'S offer Adult Supported Programme (ASP) The ASP continued to flourish, offering 43 activity sessions each weeK supporting 61 adults with learning disabilities and additional needs. Highlights included: - Expansion of green woodworking and bu5hcTaft sessions in our outdoor roundhou8¢ ar - Expansion of our teanL welcoming new staff Members in order to strengthen our offtr. - Growth of the Saturday sessions for younger adults, focusing on independcnce and enjoyrnent. Six occupalional therapy student pJa¢¢ments. CODtributing creative new activities such as boxercise, custom board games, and accessibl¢ bingo. - Production of short educational films addressing fake news, safe friendships, and online safety. (Produce directed and acted in by our groups). - A mcrnorable group visit to the Gr¢at Yorkshire Show. celebrdting participants. skills achievements. The prOe continues to denM)nstrate the therapeutic and educational value of meaningm activity and inclwio L4)oking Abead Priorities for ASP 2025 include: - Build more disabled gardening raised beds at Me¢rsbrook park - Employ a gardening support worker to delivery an extra day gardening at Meersbrook Park - Develop a PTogramme of small trips for Service users throughout the year - Develop and test new activities for s¢ssions Education, IEYdrning and Skills (ELS) Page 3
HEELEY CITY FARM LIMITED (REGISTERED NUMBER; 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JAIYUARY 2024 TO 31 MARCH 2025 oBJEIVEs AND ACTIVITIES Thc Education, LeaTnillg and Skills departmeth continued to grow as a comprehensive learning and wellbeing hub. Secondary Alternatlve Provision supportcd more than 40 students from 25 schools, introducing constNction and site intenanCe sessions to build confidence and employdbility skills. Prim8ry Provision supported 13 pupils from 7 schools through bespoke small-group sessions ernphasising emotional regulatio teamwort and forest-based Icarning. Adult Tr2illinE expanded through the FACES programnK, offering practical short courses in green crafts. woodworL and constTUrtion. City & Guilds accreditation is being explored to strengthen progression routes. School ViBits and Holiday Programmes welcomed oveT 400 children for workshops and over 250 participants for Natur¢ Camps and SEND holiday clubs. SLWPOrted by Healthy Holidays and National IA)ttery Reaching Con]murrities. Youth Volunteerlng continued to support I ftr24-yeaT-ok15 through practical conservation projects working alotyide dedicated thtors. Eu4)loyability Hub Offering en]ployability skills & mentoring to young people aged 16-24 in partnership with the DWP. Lookitig Ahead Priorities for ELS 2025 include.. - Move to City and Guilds accreditation for young people and adults. - Expanded prOSsion routes for post-16 learners. - Stronger paerShipS with schoo18 and colleges. - Continued cnhancement of outdoor learning spaces. Community Health & Demenda B¢twe¢n Decetnber 2023 and December 2024, our dementia programme deliver¢d 241 sessions, engaging 1,464 participants. Our activities ranged from Fann Afternoons and Farming Comes to You care-holl visits to carer support groups, Young Onset Dementia sessions. and Men)ory Cafés acro&8 Sheffield. Partnerships flourished with Age UK Manor & Castle Development TnL8t, and South Yorkshire Police, the latter leading to the first national police carers support group. Wc also hosted 34 medical student placements from th¢ University of Sheffield, VIllg future Professionals firsthw experience of con]murrity-ba5ed dementia care. Our focus for 2025 is to broaden access to dcmentia-frieDdly activities, develop a citywide Young Onset Dcmcntia Strategy, and str¢ngthcn multi-agency collaboration to ensure compassionate, sustainable support. Sheffield Safe Plates Our leadership in the Safc Places initiative continued to ensure that Sheffi¢ld r¢mains & supportive, inclwive city for vuln¢rablc r¢sidents. 2024 achicveuMts'. 88 school and college group visits 3 new Safe Places registeied - 16 infornwtion stalls and 38 community workshops delivered - 91 parent carers ¢ngaged Page 4
HEELEY crry FARM LIMITED (RECISTERED NUMBER: 1121414211) REPORT OF THE TRUSTEES FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 OBJECTIVES AND ACTIVITIES - 789 Sbeffi¢ld Hallam University students reached through awareness lectures - 55 n*nLber volunt¢¢rs (many autistic or learnin8 disabled) ¢prOduCed training Worknng alongside Sbeffield City Council and SoTOPtimi8t International UK the fami helped launch new awareness materials for services supporting people fleeing domestic violence. The initiative T¢ceiv¢d high-profile backing from MP Ilbtisam Mohamed and Mayor Oliver Coppard. The Farm Kltchen The Farni Kitchen café continues to be a cornerstone of community lifr. In 2024, the caft expanded its rnenadding locally sourced meat dishes alongside its renowned vegetarian and vegan optionAo meet diverse customer preferences. Adults with support needs gained hospitslity training placements throughout the year. The small team of catering staff strive to create a welcoming and inclusive atmosphere to our diverse ¢tOrner base. The café also: - B¢gan ronsultstion & desi work for an impToved outdoor svating area connecting to the playwund. - Worked existing and new supplieTS to ensure competitive purchasing and better manage its stockholding. - caled out comprehensive competitor analysis regarding offering and pricing. The café remains a welcoming venue for ¢oJnmunity 8roup8, including a btea8tfeeding support netWOTk for lo¢al motheTS. The Firm Site and Animals Our fann site spans gardens, green spaces, and specialist facilities for dementia and heritage worK including an Jron Age roundhouse and forge. Animal highlights of 2024: - We rematn otte of 23 RBST registered rare breed farm parks in the UK - We have had Soay and Whitefaced woodland lambs and Golden Glleny, Bagot and Pygmy goats born at the farni in 2024 - 2024 has seen the re-introduction of a small herd of Anglo Nubian Goats - Our young people and adults with support needs, have visiied thc Great Yorkshire Show and Penistone Show, shomqng off our Tarc brecd Golden Guernsey Goats and Tamworth pigs - Our farni and pet animals continu¢ to provide therapy and meaningful roles in animal care for our adults with support neeiLs and young people on education and volunteering Programmes. Events Thanks in part to Reaching Communities lottery funding, our commurrity events ch as the Summer Music Festival, Goat Sknmp, and Autumn Festival celebrated creativity and conmiunity SPiTRt. whilc seasonal workshops like goat yoga and wreath-nmking drew hundreds of visitors. The Garden Centre & Growing Open from March to October, the Garden Centre sells a wide range of p¢rennial and v¢getable plants, working ¢losely with local wwers and Food Works to promote sustsinable food systems in our peat free garden centre. Dedicated volunteers support its operation, and it remains a much-lov¢d feature of the funn, encouraging local food growing and environmental awareness. Page 5
HEELEY CITY FARM LIMITED IREGISTERED IYUMBER: 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 ORIECTIVES AND ACTIVITIES Public benefit In setting objcctives and planning for activities. the TnteeS have given duc coTJsidcTation to gcneral guidance published by the Charity Conm]ission relating to public benefit, including the guidance Fublic benefit.. running a charity (PB2)'. Mtssion Stat¢m¢nt He¢l¢y City Fam identifies, confronts, and addresses th¢ probl¢nts of poverty. inequality, pr¢judice. and lack of opportunity in our inner4ity community. We do this by supporting and promoting commuwty rcgeneration and self-help through the inclusive environmetst of a working city farn4 commurrity garden4 and related educational and wellbeing resources. About Heeley City Farm Hceley City FaTm is a Commurrity-led cbarity and green urban fmll situated in the heart of Heeley. Shcffi¢ld, just twenty mitiutes, walk from the city centre. Established almost filty years ago. it has grown into a vibrant comnjurrity resource providing opportunilies in cducation. tsaining, wellbeing, environmental awareness, and social inclusion. Tbrough our working farm, gardens, café, training spaces, and education programmes, we bring together peopl¢ of all ages and backgrounds to learn, connect. and grow. Our focus is on reducing poverty and inequality, supportitig people's wellbeing, and prorooting community regeneration ihrough meaningfill, nature-based exF)eriences. Page 6
HEELEY CITY FARM LIMrrED (REGISTERED NUMBER: 02141420) REPORT OF THE TRUSTEES FOR TBE PERIOD I JANUARY 2024 TO 31 MARCH 2025 STRATEGIC REPORT Achievements and perfomance Strategic ThenKs gnd Community Impact Conununity- AddressiDg Di52dvantage and Poverty Our community work remains central to Heeley City Frn's mission. In 2024 we: - Facilitated and SUPPOTted local community development proje¢ts. - Addressed food insecurity through low-cost prijduce & farn)-grown vcgetsbles. - Promoted susta]ble energy usc by installing efficicnt boilers and LED lighting. - Hosted a series of free community events. strengthening so¢ia] connections. - Maintained an open and welcoming site, including a café, safe playground, and public toilds. - Continucd to bring together residents from diverse backgrounds thTougb volunteeTing and cclebration. The Farni Kitchen cafr renuined a focal point for connection, offering affordable. locally sourced meals and creating a warn) space for everyone in our community. Cwre- Supporting People with Learning DlsAbilitie5 aDd Dementla Our care programmes wntinued to improve quality of life and inclllsion for participanls with learning disabililies and dementia. - 61 adults witb learning disabilities attended w¢ekiy sessions, gupported by a team of skilled staff and volwiteers. - Activities Tangcd from gardening and aDirnal care to ci)ok¢ry. crafts, sport, and music. - New green woodworking and bushcraft SsIOnS encouraged ¢atiVity and outdoor skills. - Occupational therapy sludent pla¢ements added vibrancy and innovation-introducing sin8Ang sessions, LEGO club5, and educational films on online safety and social topics. - Our demcnlia services expanded citywide, offering n)emory cafes, carer support groups, and "Fanning Comes to You" animal-8ssisted visits to Gare homes. PartiCipts reported increased confidence, joy, and social connection through these programm¢s. EducYdtion- i*arniti& Skllls, and Personal Development Heeley City Farni is an eslablisbed centre for lifelong l¢arnin& providitig opportlmities from early years to adulthood. - Alternativ¢ provision supported over 50 yow)g people fron) 30 schools. - Primary programlls focused on enKJtional developmcnt through forest school and allinl care. - Adult training expanded to includ¢ short practical courses in construction. woodwoTK and ¢¢Th crafts. - School visits welcomed over 400 children for hands-on wotkshops on composting. seed plantin& and sustainability. Youth volunteeTing and employability projccts engaged l@24-year-olds in conscrvation and animal care. partnership with DWP and Opportunity Sheffield. - Volunteering Iwortunities- op¢n to all Our education appToach blends practical learning with wellbeing. creativity, and environmental awareness. Wellbeing- Health, Natllr4 Ydnd Connection The fam environment provides daily OpportltieS for physical activity. mental Testoratio and connection with natUT¢. - Visitors bencfit from fresh air, friendly animals. and open green spaG¢. - Wc delivered social and green prescribing sessions a¢r05s Shcffield. - PrOgraMn addressing loneliness and isolation included heritage walks, men'5 groups, and wellbeing activities. - The natural enviToiim¢nt continues lo be a vital asset in improving community health. Page 7
HEELEY CITY FARM LIMrrED (REGISTERED NUMBER.. 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 STRATEGIC REPORT AchIevellntS and perform2nce Mission Statement Heeley City Fann identifies. confronts, and address¢s th¢ problwns of poverty, inequality, prejudice, and lack of opportunity in our inner.city cornmuDity. We do this by supporting and promoting community regeneration and self-help through the inclusive environment of a worktng city farn4 community gardens, and relaied educational and wcllbcing resources. He8dline5 and Higb]ight5 2024 - Winner of Exposed Magazinc's Bcst Outdoor VisitOT Attraction 2024 - Over 100,000 free visitors welcomed to the site - Success in a variety of funding bids - Su¢¢essful Autumn F¢5tival and Heeley Festival attracting large numbers. - Continuous registration with the Rare Breeds Survival Trust - Site open every day except Christmas Day - Re¢rnitm¢nt of new d¢partnMital staff including Finance and HK Managers - Strengthened partnerships and improved infrastructure Financi21 revlew Prlnefipal funding sources The principal Tegular fiu)ding sources of the Farnj are Contract income, (both restricted and unrestricted), donations al earned income from trading & sales of pro(luce. Our main ongoing contracts include tbe provision of con)murrity health services, adult corAmillllty learning, L¢arning Disability day provisio dementia support and young p¢ople's education and learning, including our alternative provisio Reserves policy The trnstees aim to establisb sufficient cash r¢seryes to allow the Farn] to continue trading should a major source of runding bc lost or rcduccd suddenly. To allow replacement funding to be obtained, it is estimated that 3 months of cssential expenditure will need to be financed. The minimum level of genernl reserves is therefore targctcd to be £250,000. At the balance s1ct date the Charity held UnTeslTiCted fimds totalling £124,629 and total funds £592,899. Asset management We hold a lease for the n1n farm site with Sheffield City Council which expires on 10th August 2050, providing a level of 8ecuTity and stability. Thc long lease also goes some way towards protecting our investments and buildings which the harity ow)s and manages. We have a duty to protect the community assets which the fam holds, on behalf of the n)any local people & vulnerable groups who use these fxilities daily end neod them to be available for fvture generations. The charity owns outright the freehold and buildin8 (the Energy Centre) at 25 Alexandra Road. A wholesale review of our main site has d¢liveT¢d a long term vision and Mastelan for development. Maintenance and repairs hav¢ significantly impTovcd the public areas and fimdraising has been started to pay for more significant capital improventrnts. Page 8
HEELEY CITY FARM LIMITED (REGISTERED NUMBER: 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 STRATEGIC REPORT Future plgDS 2024 was a year of SIlficant achievement and rffliew¢d community strength. Across education, car¢, eniryronment, and enterprise, Heeley City Fann continued to demonstr&t¢ the power of local action and inclusive leaTDing. Prioriti for 2025 include: - Strengthening financial sustainabllity and social enterprise activities. - Deepening partneTship5 with education, health, and community sectors. - Expanding (km¢ntia-friendly and wellbein8 initiatives. - Continuing to eDsure the fann remains an open, welcoming, and inspiring place ftir all. - Continue to improve our site to ensure accessibility for all participants. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing doeument Th¢ charity is ¢ontrolled by its governtng document, a deed of trust, and constitutcs a lin)ited con)pany> limited by guarantee, as dcfmed by the Companies Act 2006. Heel¢y City Fami Limited is a Gharitable company limiled by 8wrantee, incorporated on 19th June 1987, and is governed by its Memorandum and Articles of Association, as anlded by written resolution dated 15th September 2005. It was regist¢red as a charity NTrith the Charity Commission on 28th September 2005. In the event of the cbarity being wound up members are required to contribute an amount not exceeding £1 each. RecrultmeDt 2nd appolntmeDt of neiv trustees All directors of the company are also trustees of the charity. There are no otber trustees. One third of the tN$tees retire at the Annual General Meeting but are eligible for reappointment. The trnstees may appoint a person as a trustee to fill a vacancy or to act as an additional tru5t¢e provided that the appointment does not caus¢ the number of tSteeS to ¢xceed IS. Organi58tional structure The clmrity is organised so that its Board of Directors meet monthly to manage its affairs. The SenioT Leadership Team (SLT) who manage the charity day to day are made up of joint CEOS and Finance executive5. STATEMENT OF TRUSTEESI RESPONSIBILITIES The trustees (who are also the directors of Heelcy City Farni Limite41 for the purposes of company law) are responsible for preparing th¢ Report of ihe Trust¢es and the financial statem¢nts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accq)ted Accounting Practice). Page 9
HEELEY crry FARM LIMrrED (REGISTERED IYUMBEIL. 02141420) REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITILS- continued ConTrpany law requires the truste¢s to prepare financial statements foi each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounling Practice (United Kingdom AoUnting Standards and applicable law). Under company law the trustees must not approve the financial statem¢nt5 unless they are satisfied that they give a true and fair vicw of the state of affairs of the charitsble company and of the incoming resources and application of resowce5, including the income and expenditure, of th¢ ¢harit&ble company for that period. Jn preparing those financial Statellllts, the trustees are required to sele¢l suitsble accounting policies aDd then apply thetn consistently" observe the rnethods and principles in the Clwities SORP. make judgements and estimates tbat are reasonable and pdent. state whether applicable aOUntIng standards have been followed, subject to any material departures disclosed and explained in the finan¢ial ststemenls. prepare the financial ststements on the going conc¢rn basis Unless it is inappropriate to presume that the charitsble conjpany will continue in business. The trusfres are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tin the financial position of the clwitable company and to enable tbem to ensure that the financial statements comply with the Companies Act 2006. They are also responsiblc for safcguardmg the assets of thc charitable cornpany and hence for taking reasonable steps for the PTcvcntion and detection of fraud and other irregulaTities. In so far as the trustees are aware: there is no relevant audit inforn)ation of which the charlbIC company's audilots arc ullawaTe" and the tttts have taken all steps that they ought to have taken to nmke themselves aware of any relevant audit infoTmatioll and io establish that tbe auditors are aware of that infornv4tion. AUDITORS The auditors, Xeinadin, will be proposed for re-appoinlment at the forthcoming Annual General Meeting. Report of the trustees incotporating directors, on ............. 8trat¢gi¢ report, approved by order of the board of trustees, as the company . and Sied on the board's behalf by: A V Hicks - Trust¢¢ Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LJMITED Opinion We have audited the financial statements of Heelcy City Farn) Limited (the 'charitsble companY) for the period ended 31 March 2025 whith compTi5e the Statement of Financial Activities, the Balance Sheet, the Cash Flow Siatement and notes to the fmancial statements, including a SUMM of significant accounting policies. The financial r¢porting framework that has been applied in their prepardtion is applicable law and United Kingdom Accounting Standards (Unitsd Kingdom Generally Accepted A¢¢ounting Pra¢ti¢e). In our opinion the financial statements.. give a true and fair view of the state of the charitable compan8 affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditUTC, for the piDd then ended. have been properly prepared in a¢coTdance 7th United Kingdom Generally Accepted Accounting Practice; and have been prepared in acrordance with the requirements of the Con]panies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the fJnan¢ial ststements seotion of our report. We are independent of the charitable company in accordance with the ethical requirements that ar¢ relevant to our audit of the financial ststements in the UK, including tbe FRC'S Ethical Standard, and we have fidfilled our other ethical responsibilities in accordance with these Tequirements. We believe that the audit evidence we hav¢ obtained is suffjcient and appropriate to provide a basis for our opinio Conclusions relAtJng to golDg concern In auditing the fmancial ststements. we have concluded that the trustees, use of the going ¢on¢¢rn basis of accounting in the preparation of the financial statcments is appropriate. Bas¢d on the work we have perfornd, we have not identified any material uncertaintics relating to events or conditions thal, individually or colleclively. may cast significant doubt on the charilable companYs ability to continue as a going eoncern for a period of at least twelve months from when the financial statements are authorised for issu¢. Our responsibilities and the responsibilities of the trustees with respect to goitig concern are described in the relevant sections of this report. Other Anformatlon Th¢ truslees are responsible for the other inforn]ation. The other inforn)ation compTise5 the information included in the Atmual Report, oiher than the financial statements and our Report of the Independent Auditor5 thereon. Our opinion on the fmancial statements does not cover the other infr)rn]ation and, except to the extent othenvise explicitly stated in our repori we do not express any fom) of assura¢ conclusion thereon. In connection wÈth our audit of the financial statements. OUT responsibility is to read the other infomtiOn and, in doing so, wnsider whether the other infonllation is materially inconsistent with the financial statements OT our knowledge obtained iti thc audit or otherwq5e appearn to be materially misststed. If we identify such material iticonsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material mis5tatem¢nt in the fmancial statements themselves. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken ID the Course of th¢ audit: th¢ information given in the Report of the TTUStees for the financial year for which the f]nancial statements are prepared is consistent wth the fanCIal statements; and th¢ Report of the Trustees has been prepared in acrdance with applicable legal requirn¢nts. Pagell
REPORT OF THE INDEPENDENT AIJDITORS TO THE MEMBERS OF HEELEY crry FARM LIMfTED M*tters on which we are requlred to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the COUTse of the audit, we have not identified material misslatcments in the Report of the Trustecs. We have nothing to report in respect of the following matters where the Conwanies Ad 2006 require5 US to reporf to you if, in our opinion: adequate accounting records bave not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agre¢m¢nt with th¢ accounting records and returns. or certain disclosures of Inte¢s, remw]eration specified by law ar¢ not made. or we have not reiVed all the Inforntion and explanations w¢ require for our audit. Re5ponsibilitie5 of trustees As ¢xplained more fully in the Ststement of TTU8tees' Responsibilities, the tru6te¢s (who are also the directors of the clwitable company for the purposes of company law) are Tesponsible for the preparation of the financial staiements and for being satisfied that they give a true and fair view, and for such internal control as the Ite¢S determine is necessary to enable the preparation of financial statements ihal free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for ass¢ssing the charitable comp&nYs ability to ¢onlinu¢ as a going concern, disclosing. as applicable, nv4tters related to going concern and using the going concern basis of accounting unless the tnteeS either intend to liquidate the ¢haritsble company or to cease operation4 or have no r¢a]istic alternative but to do so. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurancc about whether the financial statements as a whole are free from material misstatement, whether due to fraud or erroT, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurdnce, but is not a guarantee ihal an audit conducted in accordance with ISAS (UK} will always detect a material misstat¢ment when it exists. Misstatements caD ari5¢ from fraud OT eTTor and are considered material if, individually or in the aggregate. they eouId rcasoDably be expected to infiu¢n¢¢ the economic decisions of users taken on tbe basis of these financial statements. The extent to which our proccdures are capable of detecting irregularities. including fraud is detailed below.. Irregularities, including fraud, are instances of non-compliaDce with law5 and regulations. We design prOCedr¢S in line with our responsibilities. outlined above, to ddect Jnatwial misststements in respecl of irregulaTities. including fraud. The ¢xlcnt lo whi¢h our procedures are capable of detecting i¢glarItiCs, including fraud is detailed below: Based on our ndStandIng of the company, we identified that th¢ principal risks of nOnompliance with laws and regulations related to charities commission and corporation tsx legislation and w¢ considered the extent to which nonry¢ompliance might have a mateTial ¢ffeth on thc financial stalcmcnts. As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact on the preparation on the financial statements, such as the Companies Act 2006 and FRS 102. We evaluated managemenl's incentives and opportunities for fraudulent n]anipulation of the financial statements wl)ich inclu(kd the risk of management ovrIde of controls. We detennined that the principal risks were relaied to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting perio(l and potential management bias in the detennination of accounting estin)ates or judg¢ments to manipulat¢ results. Audit procedures perfornied by the engagement team include: - Enquiring of and obtaining NvrRtten repr¢s¢ntstion from management in relation to known or suspecled instances of non-compEiance with laws and regulatiODS and fraud. - Evaluation of n]anagement's controls designed to prevent and detect irregularities; - Identifying and, where relevant, testing journal entries posted by senior managcmcnt OT With unusual combinatiuDS" - Assessing and evaluating the business rationale of sig1lifit traIactionS outside the llonnal course of business. - Reviewing financial statement disclosuTes and t¢stiDg to supporting documentation to a55ess compliance with applicable laws and rcgulations,. - Incorporating elcments of unpredictability into the nature. tsming an(Vor cxtent of audit procedures perfonned. There are inhereni limitations in thc audit procedures descTibed above and the fither removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, th¢ Icss likcly we would become aware of it. Also, the risk of noi detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting frorn eThor, as fraud may involve deliberate 00n¢iment by. for example, forgery or infrntional misrepresentation, or through collusion. A fvrther d¢ription of our responsibilities for the audit of the financial statements is located on th¢ FinanGial Reporting Council's website at www.frc.org.uklauditorsresponsibilities, This d¢riptiOll forn part of ow Report of th¢ Independent Auditors. Page 13
Andrew Cribb
Andrew Cribb (Mar 5, 2026 15:56:01 GMT)
Mar 5, 2026 Dates oo eeeeenseersereesseesassensees
HEELEY CITY FARM LIMrrED STATEMEIYT OF FINANCIAL ACTIVITJES FOR THE PE0D I JANUARY 2024 TO 31 MARCH 2025 Perlod 1.1.24 to 31.3.25 Tot81 funds Year Ended 31.12.23 Total funds as restated Unrestricted fund Restricted fund5 Noles INCOME AND ENDOWMENTS FROM Donations and legacies 35,034 362,246 397,280 391,555 Charitable activities Farni activities 913,929 913,929 628,281 Investt)Knt incom¢ Other inwtn¢ lJ29 15223 la29 15323 Totsl 965515 362,246 1,327.761 1,019,836 EXPEIYDITURE ON Charitydble 4ctivities Farni activities 990,771 292,926 1,283,697 976.901 Net gainsl(losses) on inves1ments (ioo) (ioo) NET INCOMEI{EXPENDITURE) (25J56) 69,320 43 J64 42,935 RECONCILIATION OF FUNDS Total fimiL8 brought forward 149,985 398,950 548.93S 506,000 TOTAL FUNDS CARRIED FORWARD 124,629 468,270 592,899 548,935 The notes forn) part of these fmancivll stafrments Page 15
HEELEY Cy FARM iIMrrED (REGISTERED NUMBER: 02141420) BALANCE SHEET 31 MARCH 2025 2025 Total funds 2023 Totsl funds as restated Unrestricted fund Re8tiicted funds Notes FIXED ASSETS Tangible assets Investn]¢nts 14 15 181J51 436,467 617.818 576,177 loo 181,351 436,467 617,818 576.277 CURRENf ASSETS Stocks Debiors Cash at bank avyd in band 16 17 3944 67,957 64,993 3,944 67,957 96,796 3,944 124,803 89,291 31,803 136,894 31,803 168,697 218,038 CREDITORS Amounts falling due witbin one year 18 (75,498) (75,498) (106,208) NET CURRENT ASSETS 61,396 31,803 93,199 111,830 TOTAL ASSETS LESS CURRENT 242,747 468270 711,017 688,107 CREDITORS Amounts f&lling due after more than one year 19 (118,118) (118,118} (139,172) NET ASSETS 124,629 468270 592,899 548.935 FUNDS Unrestricted funds Restricted funds 21 124,629 468270 149,985 398.950 TOTAL FUNDS 592,899 548.935 The financial StatenIS wcrc approved by the Board of Trustees and authorised for issue on ?.A.l.x..l.z.<....... and WCT¢ signed on its behalf by: A V Hicks - Trustee The notes forn) part of these finaDcial statements Page 16
HEELEY CITY FARM LIMITED CASH FLOW STATEMENT FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 Perlod 1.1.24 lo 31.3.25 Year Ended 31.12.23 as reststed Notes Cash flows from operatlDg v4Ctivities Cash generated from operations 101,161 24,872 Net cash provided by operating activities 101,161 24,872 Cash noiys from Investing activities Purchase of tangible fixed assets Impairnlenl of tsngible fixed assets (81,950) 9,1)00 Net cash (used in)Iprovided by investing activities (72,950) C8$h Ilows from finaD¢lng 8¢tlidties New loaDS in year Capital repayments 13,671 (20,706) Net cash (used inyprovided by financing adivitie8 (20,706) 13,671 Change in casb ond cash equivalents In the reporting peTIDd Cash cash equfivalents at the beglnnlDg of the reporting perlod 7.505 38,543 89,291 50.748 Cash Ind ¢ash equivAlents at the end of th¢ r¢porting period 96,796 89,291 The notes fonn part of these financial statcmcnts Page 17
HEELEY CITY FARM LIMrtED NOTES TO THE CASH FLOW STATEMENT FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIvrrIES Period 1.1.24 to 31.3.25 Year Ended 31.12.23 as restated Net In¢om¢ for the reporting perlod (as per tbe Ststement of Financial Actfivlties) Adjustments for: Depreciation cbarges Losses on investments D¢¢rease in stocks Decrcase/(in¢r¢ase) in debtors (De¢reas¢yincTease in creditors 43,964 42.935 31,309 100 35,518 532 (69,327) 15,214 56,846 (31,058) Net eash provlded by operations 101,161 24.872 ANALYSIS OF CHAI¥4GES IN NET DEBT At 1.1.24 Cash flow At31J.25 Net cash Cash at bank and in hand 89391 7,505 96,796 89391 7,505 96,796 Debt Debt5 falling due within l year Debts falling du¢ after l year {10,593) (139,172) (348) 21,054 {10,941) (118,118) (149,765) 20,706 (129,059) Total (60,474) 28,211 (32,263) The notes forni part of these fllwicial ststements Page 18
HEELEY CTfY FARM LIMITED NOTES TO THE FINANCIAL STATEMENrs FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparlng the finandal statsments The financial stateEncnts of the charitable company. which is a public benefit entity under FRS 102, have been prq)ared in aG¢ordan¢e with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prq)aring thetr accounts in accordance with the FinaDGial Reporting Standard applicable in thc UK and Republic of Ireland (FRS 102) (effertive l January 2019),, Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fmancial statements have be¢n preparcd under the historical cost convention, with the exception of inveslments which are included at market valuc. Incojne All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the fimds. it is probable that the incomc will b¢ T¢c¢iv¢d and the amount can be mcasured reliably. Expenditure Liabilities are rognIsed as expenditure Js soon as there is a legal or constructiv¢ obligation committing th¢ charity to that expenditure, it is probable that a transfer of economic benefits will be required in sett]ement and the amount of the obligation can be measur¢d reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that agggate all cost related to the category. Where ¢osts cannot be directly attributed to particular headings they bave been allocated to activities on a b15 con5isfrnt with the use of resour¢es. Grants offered subj¢ct to conditions which have not be¢n met at the year end date are noted as a commitment but not accrned &s expenditure. Tangible flxed Asset5 Depr¢¢iation is provided at the following annual rates in order to Nwite off each asset over its estimated useful life. Land & Property Fixtures and fittings Motor vebicles in accordancc with the property 15010 on reducing balance 25O/tr on reducing balance The charitys policy is to capitalise individual assets greater ihan £2,500. South Yorkshire Energy Ccntre is depreciated at 2 % per amium straight line basis. Other pern]anent buildings arc depreciated over the remaining life of the lease. Stocks Stocks aic valued at the lower of cost and net Tealisable value, after making due allowance for obsolctc and sli)w moving items. Taxation The charity is exempl from co4JoratÈon tax on income and gains falling within Part I l of the CoTPOTation Tax Act 2010, to the ¢xtent that these aTe applicd to its ¢haritable PUTposes. Fund a¢¢ounting Unr¢strithd funds can be use41 in accordance with the ch1b]e objcthives at Ihe dIretIOn of th¢ trl¢es. Restricted fimds can only be used for particu]ar iestricted pposeS within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restticted putposes. Further explanation of the nature and purpose of each fimd is included in the notes to the financial ststcments. Page 19 onlinued...
HEELEY CITY FARM IIMrrED NOTES TO THE Fll¥ANCIAL STATEMENTS. tonthiued FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 AccouNfiNG POLICIES - conthiued Pension costs and otber post-retirement beDefits The charitable company operates a defined contribution pension schen. Contributions payable to the charitsble compaDVs pension scheme aTe Clrged to the Ststem¢nt of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES Perlod to 31.325 Year Ended 31.12,23 as stated Donations Grants 32,535 364,745 40.773 350,782 397,280 391.555 INVESTMENT INCOME Perlod 1.1.24 to 31J.25 Y¢ar Ended 31.12.23 as restated Rents received lJ29 YCOME FROM CHAIUTABLE ACTivrrJES Period 1.1.24 to 31.3.25 Year Ended 31.12.23 as reslaied A¢tivity Trainin& pla¢em¢nts & support services Cafe, garden ¢¢ntre. festival and community food growing inc om¢ Farm activilies 689,847 483,347 Fam a1vIlIeS 224,082 144,934 913,929 628,281 Page 20 continue(L..
HElllY cfTY FARM LtMITED NOTES TO THE FINANCIAL STATEMENTS- rontinued FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 OTHER INCOME Period 1.1.24 to 31.3.25 Year Ende 31.12.23 as restated Insurance & legal clainL8 15,223 Other Incon relafrs to a successful claim for against a trade supplier for losses. CHARITABLE ACTIVITIE5 COSTS funding of activilies (see note Support costs (see note 8) Direct Costs 7} Totals Fann artivities 1,049,508 14,125 220,064 1,283,697 GRANTS PAYABLE Period 1.1.24 to 31J.25 Y¢ar Ended 31.12.23 as reststsd Farn) activities 14,125 9,835 SUPPORT COSTS Governance costs Managem¢nt Finance Totals Fami activities 197,179 13,285 9,600 220,064 NET JNCOMEIffjXPENDITtJRE) Net income/(expenditure) is stated after Chargin(cr1tillg}.. Period l.la4 to 31J.25 Year Ended 31.12.23 as restated Auditors, remuneration Depreciation - owned assets 9,600 31,309 9,800 35,518 Page 21 continued...
HEELEY CITY FARM LIMITED NOTES TO THE FINANCtAL STATEMENTS- eontlnued FOR THE PERIOD J JANUARY 2024 TO 31 MARCH 2025 10. TRUSTEES, REMUNERATION AND BENEFITS The following reMeratIOn was paid to Charity's trustees, for services towards providing the Company's ¢haritable ain, 2025 2023 A V Hicks 1,083 The board have given regard to the Charity Conm]ission's guidance and consider the payments to be in th¢ best interest and reasonable for the services provided. No remun¢rdtion was paid to the trustees duTinB the financial year or previous fll)ancial year, for thelr duties as a trustee. Trnstees, ¢xpens¢s There were no trustees, expenses paid for the period end¢d 31 March 2025 nor for the year ende41 31 December 2023. li. STAFF COSTS Period 1.1.24 to 31.3.25 Year Ended 31.12.23 as restated Wages and salaries Social security costs Other pension costs 689,570 42543 17,790 613,857 37.054 16.731 749,903 667.642 The charity considers its key management personnel to comprise the members of the Senioi Leadership Tea who bav¢ authority and responsibility for playJnin& directing and controlling the day-to-day activities of tbe Charity. The aggregat¢ remuneration Teceived duTing the period was £122.296. The average montbly number of ettlOYees during the period was a5 foll0m. Perlod 1.1.24 to 31.3.25 Year Ended 31.12.23 as restated 34 Charitsble activities Management & adn)iDistration 37 41 38 No employees received emoluments in excess of £60,0110. Page 22 continued...
HEELEY FARM LIMrrED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvrrIES Uwestricted fund Restricled flmds Totsl fimds as restated llYCOME AND ENDOWMEiwfs FROM Donations and legacies 45,023 346,532 391,555 Charfitable ledtleS Fanrj activities 614,323 13.958 628.281 Total 659,346 360.490 1.019,836 EXPEf4DITURE ON Charlt*ble actlvltles Farni activities 607,093 369,808 976,901 NET INCOMEI(EXPENDTfuRE) 52,253 (9,318) 42,935 RECONCILIA0 OF FUNDS Totsl fimds brought forward 97,732 408,268 506,000 TOTAL FUNDS CARRIED FORWARD 149,985 398,950 548,935 13. PRIOR YEAR ADJUSTMENT The compardtive figures for the year ended 31 December 2023 have been restated to reflect the correct allocation of expeJ)diture belween unrestrictcd and restricted fimd balances GarTi¢d forward. £24,330 of reslricted deprlation expenK in the year ended 31 December 2023 was included within unrestricled f4mds.The adjustm¢nt has no ijnpact on total funds but reduces restricied funds and increases unrestTiCted fund5 brought forward at l January 2024 by £24,330. A balance of £350,782 in the comparative figures has also been reclassified as Donation4 previously presented as Charitable Activities. Both funds and net surplus are unaffecled. A balanc¢ of £9,815 in thc comparative figur¢s has been r¢¢las8ified as Grants payable and included in the notes to the fula1 statements. Page 23 continued...
NOTKS TO THE FINANCIAL STATEMENTS- tIlled FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 14. TANGIBLE FIXED ASSETS Fixtures and fittings Land & Propety Motor vehicles Totsls COST At l January 2024 Additions Impairn)ents 1,147.748 72,950 125,538 l].094 9,0011 (9.000) 1284J80 81,950 (9,000} At 31 March 2025 1220,698 125,538 11,094 1.357J30 DEPRECIATION At l January 2024 Clwge for year 590292 27,424 109,817 2,947 8,094 938 708,203 31,309 At 31 March 2025 617,716 112.764 9,032 739512 NET BOOK VALUE At 31 March 2025 602.982 12,774 2,062 617,818 At 31 December 2023 557,456 15.721 3,000 576,177 All assets are used in the direct fintherance of the Charitys objects. The propety and other assets are subject to ¢harges 8iven as security for the Charity's bank ov¢rdraft facility. 15. FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At l January 2024 loo (ioo) At 31 March 2025 NET BOOK VALUE At 31 Mar¢h 2025 At 31 December 2023 loo Ther¢ were llo investment assets outside the UK. The charity beld 100 £1 share in Seed CoThoperative, a community owned business. The investment ha$ been inwair¢d to £NIL during the year as the conyy is in liquidation. Page 24 continued...
NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 16. STOCKS 2025 2023 as restated Stocks 3944 3,944 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2023 as reststed Trade debtors VAT Prepayments A¢crued income 50,666 2,068 15.223 69,876 16.062 38,865 67957 124,803 18. CREDITORS: AMOUY4TS FALIJNG DUE WITHtN ONE YEAR 2025 2023 as restated Bank loans and oveTdTafts (see not¢ 20) Trade creditors Soci815ecurity and other taxes Pension 10,941 36,150 8,710 2,025 10,593 31.184 3,819 1,987 3,290 VAT Other creditors Other loans Accrued ¢xp¢nses 3,838 5.625 8,209 1,000 54,335 75,498 106.208 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2023 as restated Bank loans (see note 20) Oth¢r loans (see note 20) 102,649 15,469 116,672 22,500 118,118 139,172 Page 25 conlinued...
HEELEY crry FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 20. LOANS An analysi8 of the maturity of loans is given below: 2025 2023 as reststed Arnounts falling due within one year on demand.. Bank loans 10,941 10,593 Amounts falling between one and two years: Bank loans- 1-2 years Other loans- 1-2 years 10,941 5,625 10,593 1,000 16,566 11,593 Amounts falling due between two and five years: Bank loans- 2-5 years Other loans- 2-5 years 24,648 31,780 3,000 34,492 34,780 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal Other loajis more 5yTS instal 67.060 74,299 18,500 92.799 67,060 21. MOVEMENT IN FUNDS Net movement in funds Ai 31.3.25 At 1.1.24 Unrestrlcted funds General fid 149,985 (25,356) 124,629 Restricted funds Ciymmunity, Health & Food Capital Fund 15,012 383,938 16,791 52,529 31,803 436,407 398,950 69J20 468,270 TOTAL FUNDS 548,935 43,964 592,899 Page 26 cOntina...
NOTES TO THE Fll¥ANCIAL STATEMENfs - continued FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 21. MOVEMENT IN FtJNDS . conthiued Net mov¢ment in funds, included tn th¢ above are as follows: Incoming resource5 Resources expended Gains and losses Movement in fund5 UDrestrleted funds General fimd 965,515 (990.771) (li) (25J56) Restricted funds Community. Health & Food Capitsl Fund 289.296 72,950 (272,505) (20,421) 16,791 52,S29 362,246 (292,926) 69J20 TOTAL FUNDS lJ27,761 (1,283,697) {ioo) 43,964 Comparatives for movement In funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted fund$ General fund 97.732 52,253 J49,985 Restricted ndS Community, Health & Food Capital Fund 15,012 (24,330) 15,012 383,938 408.268 408,268 (9.318) 398,950 TOTAL FUNDS 506,000 42.935 548,935 Comparative net movement in fLU]ds, included in the above are as follows: Incoming resources Resouw¢s exp¢nd Movement in funds Unrestricted funds General fimd 659,346 (607.093) 52.253 Restricted funds Community, Health & Food Capital Fund 360,490 (345.478) (24,330} 15,012 (24.330) 360,490 (369.808) (9.318) TOTAL FUNDS 1,019,836 (976,901) 42.935 Page 27 continued...
HEELEY CITY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 21124 TO 31 MARCH 2025 22. RELATED PARTY DISCLOSURES A loan balance of £21,094 at 31 March 2025 is due to Yol)n Le Corney, a related party to an incumbent co¢0. The loan is unsecure(L interest free and due to be repaid in full by December 2028. Page 28